HOLIDAY CLOSING - In observance of Christmas, CCU will be closed Monday, December 25, 2017, as well as Monday, January 1, 2018 for New Year's Day. We wish you a happy and safe holiday with family and friends. Enjoy the convenience of online, mobile, EARS and ATM services for your banking needs.

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Savings

Deposit Accounts

Regardless of your age, you are never too young or old to start saving. Cornerstone CU is committed to providing greater convenience in your life with competitive rates and flexible choices that are tailored to your specific needs.

Your deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA), with an added safety net of private insurance (Excess Share Insurance/ESI) for an additional $250,000. This is the highest combination of federal and private insurance available to consumers.

You don’t have to settle for just one savings account. Money experts agree that setting up accounts to stash tax money away for taxes or for an important event in your life is one of the best ways to save. We can set up multiple savings accounts for you within your same membership. Ask us for details. Your deposit in a regular Savings Account represents your ownership — or your share — in Cornerstone Credit Union.

1 Your deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA), with an added safety net of private insurance (Excess Share Insurance/ESI) for an additional $250,000. This is the highest combination of federal and private insurance available to consumers.

2 Certain conditions and restrictions may apply for issuance of ATM cards.

Cure your holiday spending hangover with a Cornerstone Credit Union's Holiday Club. Set aside money each week or month for the holidays, and you'll start the New Year without the burden and worry of paying off debt.

No service fee or minimum balance

Join any time – no make-up deposits required

Make payments conveniently through Direct Deposit/Payroll Deduction

Dividends are compounded daily and paid quarterly

Funds are automatically deposited to your primary savings account on October 1

The IRS created the Coverdell Education Savings Account (ESA) to encourage and incent parents and students to save for education expenses. The total contributions for an ESA beneficiary cannot be more than $2,0001 in any year, no matter how many accounts have been established. A beneficiary is someone who is younger than age 18 or has special needs. Contributions can be made until the 18th birthday of the child.

Why a Coverdell ESA?

Earnings on investments in a Coverdell ESA are not taxed2

All funds withdrawn are tax-free as long as they are used for qualified education expenses for secondary school or higher education

Qualified expenses include books, tuition and school-related expenses such as transportation, computers, and room and board

Applies to qualified higher education expenses as well as to qualified elementary and secondary education expenses

Contact us for an informational brochure.

1 There are contribution limits for taxpayers based on the contributor’s Modified Adjusted Gross Income.

Your deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA), with an added safety net of private insurance (Excess Share Insurance/ESI) for an additional $250,000. This is the highest combination of federal and private insurance available to consumers.